Numbers cited present a requirement / provide imbalance:
- US-listed bitcoin exchange-traded funds …because the starting of February, these merchandise have bought a mean of three,500-4,300 cash every day, based on three analysts who work for crypto cash managers.
That’s significantly greater than the 900 cash being created every day by the bitcoin community over the identical interval.
- “There is simply not enough bitcoin to accommodate all the new demand, and so natural supply/demand dynamics are driving prices higher,” mentioned Grayscale Investments analysis head Zach Pandl.
- There may very well be extra provide issues to come back on account of a “halving” that’s scheduled to happen in two months … After … halving, the day by day provide of recent cash shall be 450 as a substitute of 900.
Right here is the link for more. What do people assume? Let me know within the cooents.
This text was written by Eamonn Sheridan at www.forexlive.com.
